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Nathaniel Richards

nate@reagentnathaniel.com +1(734) 299-1209

$ 537,500

Est. payment | -/mo

0.29 Acres Lot

Save

$ 537,500

Est. payment | -/mo

Save

0.29 Acres Lot

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Wyoming

MLS Listing ID 26032644

Year Built 1967

Annual Tax Amount $5,383

Tax Year 2025

Lot Size 0.292 Acres

Acres 0.29

Lot Dimensions 2 X 150

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

MOXIE Multifamily is pleased to exclusively offer this updated 4-unit apartment building for sale -- perfectly positioned for your next rental investment. The property features three 2-bedroom units and one 1-bedroom unit. Significant renovations include updated units, newer windows, new gutters, a new fence, and updated LED lighting, offering investors a well-maintained asset with reduced near-term capital expenditure needs. Additional amenities include coin-operated laundry and individual storage units. Electrical is individually metered; the owner currently covers heat (boiler), water/sewer, and trash. With rents below market, there is a clear value-add opportunity as leases expire. Implementing a RUBS program offers further upside by recapturing utility expenses. Whether you're seeking a house hack, 1031 exchange, cost segregation opportunity, or a solid rental investment -- this property checks all the boxes. Don't miss this great addition to your portfolio.

Location

State MI

County Kent

Direction Burlingame South Of 28th Street To Prairie Parkway, West To Property

Rooms

Basement Full, Other

Interior

Heating Hot Water

Cooling Window Unit(s)

Laundry Laundry Room

Exterior

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Composition

Total Parking Spaces 4

Building

Structure Type Brick

New Construction No

Schools

School District Wyoming

Others

Tax ID 41-17-15-254-003

Acceptable Financing FHA, Cash, Conventional

Listing Terms FHA, Cash, Conventional

Listed by MOXIE Real Estate + Development

Schools and Properties Nearby

Nathaniel Richards

Realtor | License ID: 6501446715

+1(734) 299-1209 | nate@reagentnathaniel.com

1860 Prairie SW Parkway Wyoming, MI 49519

Nathaniel Richards

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

1860 Prairie SW Parkway